SBI Life Insurance’s Third Quarter Profits Drop 16% YoY

By Kosaku Narioka


The third quarter profit of SBI Life Insurance Co. it fell 16% from a year earlier, missing analysts’ expectations.

Profit for the quarter ended December 31 fell to 3.04 billion rupees ($37.5 million) from INR3.64 billion a year earlier, the Indian insurer said on Saturday. It missed the estimate of INR3.72 billion obtained from a poll of analysts by FactSet.

Third-quarter net income increased 6.4% from a year earlier to INR191.71 billion, while investment income more than tripled to INR74.43 billion from the INR24.24 billion.


Write to Kosaku Narioka at


(Conclusion) Dow Jones Newswires

January 22, 2023 10:57 PM ET (03:57 GMT)

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